PreMarket
Shakers - WEN - Wendy's/Arby's prospects looks Good - Sourced
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WENDYS/ARBY'S GRP,WEN
After Hours: 0.00 N/A (N/A) 8:00PM ET
Wendy's/Arby's Group Inc (WEN.N) looks worthy despite a recent sell-off in the
hamburger chain's stock and doubts about a recent bond offering, Barron's
reported on its website on Sunday. Barron's quoted activist investor Nelson
Peltz as saying that "this is a phenomenal company that is truly
misunderstood and was mismanaged for years ... We think the company is
significantly undervalued."
About
Wendy's/Arby's Group, Inc., through its subsidiaries, operates as a franchisor
of the Wendy?s and Arby?s restaurant systems in the United States and Canada.
Wendy?s is the restaurant franchising system specializing in the hamburger
sandwich segment of the quick service restaurant industry; and Arby?s is the
restaurant franchising system specializing in the roast beef sandwich segment
of the quick service restaurant industry. As of March 29, 2009, the Wendy?s
restaurant system comprised 6,623 restaurants, of which 1,399 were owned and
operated by the company; and the Arby?s restaurant system consisted of 3,741
restaurants, of which 1,171 were owned and operated by the company. The company
is headquartered in Atlanta, Georgia.
Last Trade: 4.00
Day's Range: N/A - N/A
52wk Range: 2.63 - 6.90
Volume: 0
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